(Bloomberg) -- The pound gained against the dollar
this week as manufacturing figures and minutes from the Bank of
England's last policy meeting prompted traders to increase bets
that interest rates will rise.
The U.K. currency rallied the most in a month on May 23 after
the central bank said that policy makers voted unanimously for a
change in interest rates for the first time since August 2004. The
government yesterday said gross domestic product grew in the first
quarter at a faster annual pace than economists predicted in a
Bloomberg survey.
Read more at Bloomberg Currencies News
this week as manufacturing figures and minutes from the Bank of
England's last policy meeting prompted traders to increase bets
that interest rates will rise.
The U.K. currency rallied the most in a month on May 23 after
the central bank said that policy makers voted unanimously for a
change in interest rates for the first time since August 2004. The
government yesterday said gross domestic product grew in the first
quarter at a faster annual pace than economists predicted in a
Bloomberg survey.
Read more at Bloomberg Currencies News
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